The French multinational integrated energy and petroleum company TotalEnergies expects to make a Final Investment Decision (FID) on the Matola Liquefied Natural Gas (LNG) import terminal, located at the Matola Port in Mozambique, by September 2024.
Developed by TotalEnergies in collaboration with industrial gas supplier Gigajoule, Mozambique’s Matola Gas Company, and the country’s National Oil Company, Empresa Nacional de Hidrocarbonetos, the $550 million terminal will receive natural gas from a permanently-moored Floating Storage and Regasification unit in the harbor, supplying regional markets with LNG.
According to TotalEnergies, “The Matola LNG aims to provide primarily power to South Africa, which faces serious energy issues with recurrent load shedding (power cuts), and whose current power generation comes from coal-fired power plants.”
The project forms part of a larger endeavor that would see the LNG terminal connected to a 2,000 MW combined-cycle gas-to-power plant.
